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Tax

South Korea unregulated digital currency forex transfers hit record high at $677M
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15 October, 2021

South Korea unregulated digital currency forex transfers hit record high at $677M

In the first eight months of the year, South Korea saw forex transfers via digital currencies hit a record high...
South Korea to levy the 20% digital currency tax in 2022 despite opposition
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11 October, 2021

South Korea to levy the 20% digital currency tax in 2022 despite opposition

South Korea’s Finance Minister is unflinching on the 20% tax that has become a battle ground between the government and...
IRS: Digital currencies are top enforcement priority
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4 October, 2021

IRS: Digital currencies are top enforcement priority

An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes...
South Korea ruling party united in push for digital currency tax delay
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30 September, 2021

South Korea ruling party united in push for digital currency tax delay

The Democratic Party of Korea has reached a consensus to push for a delay in the implementation of the 20%...
Majority of South Koreans support digital currency tax law: survey
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27 September, 2021

Majority of South Koreans support digital currency tax law: survey

A survey in South Korea found that only 33% of respondents oppose the new taxation regime, even as the government...
South Korea finance minister plays down calls to postpone digital currency taxation
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22 September, 2021

South Korea finance minister plays down calls to postpone digital currency taxation

The government will push through with the tax laws which will take effect early next year despite opposition from the...
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